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This project is completed. Project listed for the 2009-10 Rotary Year. The Matching Grant application number from TRF is #71746. The TRF Staff in charge of this grant is Agne Jankauskaite (Agne.Jankauskaite@rotary.org).
Second International Partner is from Italy.
The contribution of Clubs in District 2080 IS CASH AND NOT DDF
<17-Oct-08> System Entry
Creation of project page.
<26-Nov-08> System Entry
Pledge of $13,000 by Silvio Piccioni of the Rotary Club of District 2080 (Italy), District 2080.
<26-Nov-08> by Silvio Piccioni (D2080 - Italy)
Please take note that the amount pledged by this district has to be modified from $13 to $13000. Apologize
<13-Feb-09> by Silvio Piccioni
The pledge of R.Clubs of District 2080 (US$ 13.000) has been modified from DDF to CASH
<15-Feb-09> by Pauline Lim
Added 3 contacts for International Partner, La Jolla Sunrise Rotary.
<19-Feb-09> by Susan Thorning
International club signatures added to application posted to website.
<16-Apr-09> by Philippe Lamoise
Project carried over to 2009-10 per request of Suman Sirur.
<17-Jun-09> by Susan Thorning
DGSC Review completed. Application needs all host signatures including incoming host club President, signature of incoming Intl Club President, Cooperating Organization letter, Letter of Support from Host Club, and revolving loan supporting documents.
<9-Jul-09> by Susan Thorning
The grant will be sent in by the host district. An application with club signatures has been sent to the primary Host Club contact for the completion of documents from the host district for DDF, cooperating letters, and the revolving loan documents.
<12-Aug-09> by Susan Thorning
Please confirm if this grant has been submitted to the Rotary Foundation.
<26-Aug-09> System Entry
Grant paperwork sent to The Rotary Foundation.
<26-Aug-09> System Entry
TRF Grant Number assigned: 71,746.
<25-Sep-09> by Susan Thorning
Staff at RI has indicated that TRF funds have been fully allocated and are not available to this grant as requested.AdvocateSCT assigned to grant.
<2-Feb-10> by Suman
Modifications in papers going on. This is just to keep the Matching Grants page active, since it was not updated in the last 3 months.
<3-Feb-10> by Gaurish Padukone
Project has been revised since TRF funds were not available.Now theapplication is being submitted as a MGproject without any contributions from TRF. The project is now worth US$31,774.00.R C Bhatkal proposes to contribute $100 with a DDF share of $8000.R C La Jolla Sunrise have agreed to contribute $10,000.00 while RID 2080 shall contribute $11.500.00. Additional outside funding from BAIF of $2174.00 is also added to the budget.
<8-Feb-10> System Entry
Grant paperwork sent to The Rotary Foundation.
<8-Feb-10> by Susan Thorning
Paperwork resubmitted by Host District
<10-Feb-10> by Silvio Piccioni
Please cancel the old application form and upload the new one with new figures.
<15-Feb-10> by Susan Thorning
Cooperating organization letters sent in.
<15-Feb-10> by Susan Thorning
Revision of cooperating letter requested: Letter from the Cooperating Organization does not state that they agree to cooperate in any financial review of activities associated with this project.
<16-Feb-10> by Susan Thorning
Revised grant posted to website
<8-Mar-10> by Susan Thorning
Cooperating organization letters provided. Trustees have requested more details regarding budget item "day care programs for children"; how it will be utilized. Also requesting confirmation that publicity expenses will not cover Rotary signage or dedication ceremonies and will solely be used to inform the benefiting community of the service available to them.
<26-Mar-10> by Susan Thorning
Agne Jankauskaite, your staff contact at TRF emailed that your application has once again been returned by the Trustees for additional information. Please clarify how the daycare operations will be sustained, with what funding? And also please confirm that in the event of project sponsors deciding to discontinue the revolving loan fund, the loan capital will be returned to The Rotary Foundation.
<29-March-10> by Susan Thorning
Responses provided - grant forwarded for decision.
<3-May-10> by Susan Thorning
Technical review underway. Anticipated report next week. This standard review of microcredit grants is what has been causing the delay on your grant.
<13-May-10> by Susan Thorning
We have received an Technical Reviewer's report of your Revolving Loan Grant # 71746. Here are the suggestions that were found in the report:
1) Individual loans (Rs. 25000) are too high and the borrower might not be able to repay on time.
2) Groups of 20 are too large which will make handling loans and repayment matters more complicated.
3) Role of Shivali Trust is not clear.
4) Information on how the fees will be collected and used was not provided.
5) Confirmation is needed that Rotarians will provide sufficient financial oversight and attend group meetings regularly alongwith cooperating organization.
6) Confirmation is needed that Rotarians will keep a record of how funds and interest earned will be maintained.
7) Adequate training must be provided prior to giving loans to ensure that repayments are made on time so that group members are not taking on responsibility of repaying the defaulters loan.
8) Loan amounts must be reduced and loan duration restricted to 12 months instead of 24 months.
<28-May-10> by Susan Thorning
Answers to all of the technical questions have been submitted.
<28-May-10> by Susan Thorning
Reminder received from SILVIO PICCIONI DRFCC that D2080 (Italy)and D5340 will be Pilot Districts and D3170 will not. Pending grants must be approved by June 30th or District DDF pledges will automatically be withdrawn.
<3-Jun-10> by Susan Thorning
Approvals are being sought to replace DDF from 3170 with District 5340 DDF.
<9-Jun-10> System Entry
Grant approved by The Rotary Foundation.
<9-Jun-10> by Susan Thorning
Congratulations! Your grant has been approved. Paperwork has been sent to the primary contact from each club and a copy of the announcement letter has been put onto your web page at www.matchinggrants.org
<24-Jun-10> by Susan Thorning
The host club has submitted the following documents:
1. Signed agreement form for MG 71746 by email
2. Payee Information form for MG71746 by email.
3. Demand Draft no. 085352 drawn on Corporation Bank for Rs. 4600/- (US$100) sent by courier to Mr. Sanjay Parmar.
<7-Jul-10> by Silvio Piccioni
District 2080 has ordered today a wire transfer of USA$ 11.500 in payment of its cash contribution for this MG. The payment will be credited on the account of RF c/o RI EA Office - Zurich
<3-Aug-10> by Silvio Piccioni
Please confirm if all sponsors have sent their contribution. Thanks
<15-Oct-10> by Deloria Doe
15-October-2010 Deloria "Dee" Doe
All documents and contributions have been submitted to TRF and this Grant-D1269 is " Ready for Payment by TRF."
<19-Nov-10> by Suman Sirur
Project finance modified to US$ 29,600 since TRF funds are not available to this project.
<3-Jul-11> by Gpadukone@gmail.Com
Funds from TRF recieved by host club in November 2010. Formation of SHGs in progress. Four groups of 10 women each have been formed. Motivation talks about need for thrift and importance of SHGs organized by host club. Interim report due in March 2011 sent to Rotary Foundation India for records. Micro-credit loans shall be extended shortly to the members of SHGs. Savings Bank accounts for four SHGs opened in a local bank.
<17-Jan-12> by Gaurish Padukone
Funds for MG 71746 received on Nov.15, 2010.So far five SHGs have been formed and are functioning.Each SHG has ten women members . Micro-credit loans have been extended to all five SHGs. The interest @12.5% is being regularly and punctually credited to the Project account.
In Dec,2011, day care centers adopted under the project were provided with desks and chairs for the use of children. The event was graced by PDG Basil Dsouza, DRFC 2010-2014, RID 3170, who presented the furniture to the daycare centers.
Regular reports are being regularly sent to TRF, New Delhi, India.
As such the project is being implemented and ongoing.
<13-May-12> by John Fistere
A report on this project is due May 31, 2012.
<31-May-12> by Philippe Lamoise
Progress report sent to Steve Townsend by G R Padukone.
<2-Dec-12> by Gaurish Padukone
The project is being implemented. Five SHGs are functioning very well and the members are taking correct benefit of the microcredit available to themthrough the project. A sixth SHG has been formed in August 2012. Rotarians and Project supervisors are closely monitoring the group meetings, bank savings and interest. Shortly the new SHG shall be extended a microcredit loan.
<8-Jul-13> by Dr. Gaurish Padukone
The project is continuing in the right Rotary spirit and strictly following the guidelines suggested by TRF for microcredit finance projects.
Annual report of the project and the Microcredit Supplement report have been submitted to TRF on May 31, 2013.
Coming Rotary year shall see formation of the remaining three SHGs as proposed.
<16-Jan-14> by Gaurish Padukone
MG 71746 is functioning very well. The project has made a huge difference in the lives of sixty rural womenfolk of villages in and around Bhatkal town. SHG members meet every saturday and pool in their savings into their SHG account. Micro credit funds are made available to the women depending upon their request and need. As of date the project has a 100% repayment rate by all borrowers.
<17-Jan-14> by Gaurish Padukone
The project is an ongoing project and the host club shall not be sending any closure or completed report so soon. As of now RC Bhatkal has submitted three interim reports that have been received and accepted by TRF
<26-Jun-14> by Gaurish Padukone
The interim report {April 2013- March 2014} for MG 71746 has been submitted to TRF on May 31,2014. The project had loaned out a sum of Rs.10,00,000/- that was the fund provided for micro-credit finance project in 2009-2010 when the project was granted to RC Bhatkal. The project has recieved back 93% of the loan capital till date of reporting. The remaining 7% shall also be recieved shortly. The delay in recieving the repayment of the loan capital and interest was because a few SHG members were laid off from their work a tile factory.
We shall be reorganizing the SHGs in the months of July, August and September 2014. Four new SHGs were formed on June 21, 2014, with about 45 women members and the groups have been loaned a sum of Rs.1,00,000/- each at 9% interest per year. MOUs as per the new directives of TRF have been duly signed with the SHG representatives.
<26-Sep-14> by Gaurish Padukone
Since the last entry on this page, six new SHGs have been organized with a membership of 78 new women members. At present RC Bhatkal has completed the orginally proposed target of organizing 10 SHGs with 100 women members.The MOUs as required by TRF since this year have been signed by representatives of the Rotary Microcredit Project committee and representatives of the SHGs. A total amount of US$1695/ (INR 100,000)-has been loaned to every SHG this year. The newly formed groups are actively participating in all project related activities. Attendance at skill development workshops is very good. Monthly payment of interest is also prompt and punctual.
<16-May-15> by Gaurish Padukone
Ten SHGs are functioning as per guidelines and local rules. Each group has been loaned a sum of INR100,000/- (approx. $1667) in the months of June 2014 and August 2014.The members are repaying the loan interest and principal regularly. Awareness programs for reproductive care for women/family planning and immunizations for children and nursing mother have been conducted. Vocational training in pickles, candle making, basket weaving and tailoring have been conducted . Most of these programs have a 100% attendance.
<16-May-15> by Gaurish Padukone
Ten day care centers have also been provided with tables and chairs for the use of young children attending the center daily.50 tables and 250 chairs were purchased from the grant funds this Rotary year. Distribution and presentation was held in presence of RID 3170 DG Ganesh Bhat , during his official visit to the club.
<2-Dec-15> by G R Padukone
SHG reorganized in August 2015. 9 new SHGs have been loaned a sum of INR 10lakh. All SHGs have paid their loan capital & interest thereon on loans taken in June/July 2014. An association of all SHGs has been constituted to coordinate training programs and develop a vocational training centre for the women beneficiaries of this project. Daycare centres have been upgraded with educational aids for children of 3-5 year agegroup.All reports sent to TRF have accepted as avlid and the project has complied with all reporting requirements as of March 31, 2015.
<16-Jun-16> by G R Padukone
196 women employed in various vocations including as housewives have come together to form 9 SHGs. Each SHG has a savings account with a local bank and their weekly savings credited to five separate accounts. To date they have together saved about INR 92,000/-
As proposed the project has adopted 10 daycare centers where young children of these
women are cared for during their mothers work period. Each of these ten daycare centers
have been provided with suitable chairs and desks/ tables for the children. Educational
teaching aids were provided at 10 daycare centers for the children.
Presently 9 SHGs have been granted micro-credit loans ranging from Rs. 1,50,000/- to Rs. 1,00,000/- after observing their meetings, capacity to save and maintain financial responsibility to the project. The primary beneficiaries are the women members of the SHGs while the secondary beneficiaries are their children and families.
<2-Jan-17> by G R Padukone
Microcredit projects are projects which are ongoing in nature.. since the project involves lending of small amounts to Self Help groups of rural women. Technically the project is not closed nor complete. TRF authorities have requested the project committee to send a final report which shall be sent shortly.
<2-Jan-17> by G R Padukone
SHG groups have functioned satisfactorily and completed their loan cycle by paying the principal and interest for Rs. 10,00,000 loaned to them in August 2015.For the fourth loan cycle in 2016-17, the project committee has increased the loan amount to Rs.1,50,000 to Rs.2,00,000 which has been loaned to 6 reorganized SHGs in September / October 2016.
Presently 286 members of the SHGs have their own savings account for personal use. 31 daycare centres have been adopted under the daycare centre upgradation project which has benefitted 450 young children
<16-Aug-17> System Entry
Grant status changed to "Completed".
<21-Aug-17> by Gaurish Padukone
At the request of TRF, RC Bhatkal has decided to close the MG # 71746. The club has resolved to close the project and send the final report as of July 31, 2017. The Rotary Micro-credit Finance project which is a unique project shall continue to be implemented as a club community service project as long as funds are available for micro-credit lending. .
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